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6 Ways to Retain or Attract Talent Without Increasing Their Wages

6 Ways to Retain or Attract Talent Without Increasing Their Wages 2022 will continue to see businesses competing to retain and attract talent.  However, after two years of Covid restrictions and upheavals, few small businesses are in the position to compete with rising salaries. The good news is that more than ever, employees are looki...

Virtual Work Parties & Other Trivial Benefits

Virtual Work Parties & Other Trivial Benefits Many of us have been looking forward to a more traditional end of year season in 2021.  While that may not be possible anymore, it’s good to know that if you feel the need to switch your Christmas party plans to virtual this year, the usual tax rules still apply. The normal rules g...

Closing a Company

Closing a Company There’s a lot of advice out there on how to set up a company. However, information on how to close a company is a little harder to find.  Companies are closed down in the UK every day and it’s important to do it correctly.  Just as you have legal responsibilities in running a company, you also have a legal responsibi...

Get Ready for the UKCA Mark

Get Ready for the UKCA Mark The new UKCA mark replaces the CE mark for products sold in Great Britain.   It came into effect in January 2021, at the end of the Brexit transition. However, a grace period means that you can still use the CE mark until January 2022. After that point goods sold in Great Britain must show the UKCA mark. ...

Import One Stop Shop (IOSS) for Sellers

Import One Stop Shop (IOSS)- What Sellers Need to Know The new Import One Stop Shop (IOSS) will begin on July 1st, 2021. This is because the Value Added Tax (VAT) exemption for goods importing into the EU, and under EUR 22 in value will end. If you sell goods into the EU, this could affect you. Find out all you need to know...

How to Price Your Products & Services

How to Price Your Products & Services Getting the right pricing of your product or service can be the most difficult job for business owners.  Occasionally, businesses vastly overestimate the true value of their products, but we find that we are more likely to see our clients underselling themselves.  It may be that feeling of...

IR35

IR35 – Does it Apply to You? IR35, or off-payroll working rules, was introduced by HMRC as a way of assessing whether contractors are genuinely contractors, and not actually what they call ‘disguised’ employees to avoid paying tax, such as NI contributions. A contractor working through a limited company can take advantage of several ...

Domestic Reverse Charge for Construction Industry

Domestic Reverse Charge for Construction Industry The Domestic Reverse Charge (DRC) which has been delayed twice, because of Brexit and then Covid-19, will come into effect on 1st March 2021. HMRC is hoping DRC will make it harder for fraudulent sub-contractors to charge VAT to their customers and then not declare in the returns.  Sadly, t...

Why you need a scalable business model

Why You Need a Scalable Business Model Why should you need a scalable business model? Nobody starts a business to see it crashing  after a couple of years.  Nor does any excited entrepreneur dream that their business will stay small forever or that they will have to throw in the towel when a recession hits. Of course not.  Ev...

Garden Offices for Business

Building a Garden Office Through Your Business As many of us have been working from home for the last few months it seems that our whole approach to work is changing.  Last month Twitter announced that staff could continue working from home “forever” if they chose to. In addition, a recent survey found that 28% of employees expect...

Monitoring Staff Working From Home

Working from Home How to make sure your staff are staying productive We’re talking a lot about businesses that are starting to reopen to the public and returning employees.  But the advice is still to work from home if possible and many businesses are having to carry on with operating remotely. This means that many employers a...

Recover VAT on Working From Home Costs

Recover VAT on Working From Home Costs Many of us have been working from home for the last few months thanks to coronavirus and let’s face it, a lot of us will be doing it for quite a while longer. Indeed, some businesses have embraced this option and it looks like being an ongoing feature of work going forward.  One of the side ...